A 2 Apple: Happy Birthday America!

July 9, 2018

What would a great Fourth of July celebration be without some fireworks? And while our President contributed his usual pyrotechnics, including the bottle rocket he launched into China with trade, others joined the party in loud and unexpected ways.

Mexico went left at the border electing populist Andres Manuel Lopez Obrador as its President. Moreover, along with that, voters gave his Morena Party a majority in both houses of Congress and also five of the nine Governorships up for election. Mexico has been a hotbed for investment reform with major funds setting up shop in Mexico City in 2018. GSV has an “One America” theme uniting North and South America into a powerful one billion person trade zone with Mexico in the center of it. Too early to say if Mr. Lopez Obrador impacts our thesis.

Many in the U.S. are consumed by who President Trump will nominate to succeed Justice Kennedy on the Supreme Court (we will find out at 9PM Eastern Monday night). But in Poland, one-third of the Justices on their version of the Supreme Court were “retired” without them knowing about it. Accordingly, the Justices kept showing up for work which has created havoc.